1. Current price: $1.2237 with a +3.70% increase in the last 24 hours.
2. Price range (24 hours):
Highest price: $1.2304.
Lowest price: $1.1336.
3. RSI (Relative Strength Index):
At 59.64, it indicates positive momentum but is not in overbought territory.
4. MACD Indicator:
A positive crossover between the DIF and DEA lines is beginning, which may indicate a continuation of the bullish momentum.
5. Trading volume: Relatively high, which means there is a lot of interest in the market.
Opinion on purchase:
1. Pros:
The price is moving in a stable uptrend with clear resistance levels at $1.23.
RSI is close to the neutral level (50-60), which means there is potential for further upside.
High trading volume indicates market support for this move.
2. Warnings:
If the price breaks the $1.23 level and continues to rise, it may be an entry opportunity.
If the price fails to break the current resistance, a correction towards the support level at 1.20 or below may occur.
advice:
If you are thinking of entering, make sure to watch the move at the resistance of $1.23. In case of a break above this level, it could be a positive signal.
Use a stop loss below $1.20 to reduce risk.
